Company No: 04224297 (England and Wales)

Contents

• Statement of Financial Position
• Notes to the Financial Statements

	Note	31.12.2024		30.09.2023
		£		£
Fixed assets
Tangible assets	3	90,613		138,012
		90,613		138,012
Current assets
Debtors	4	265,776		418,655
Cash at bank and in hand		334,796		( 35,737)
		600,572		382,918
Creditors: amounts falling due within one year	5	( 654,696)		( 267,063)
Net current (liabilities)/assets		(54,124)		115,855
Total assets less current liabilities		36,489		253,867
Creditors: amounts falling due after more than one year	6	( 142,166)		( 287,166)
Provision for liabilities	7	( 3,662)		( 34,504)
Net liabilities		( 109,339)		( 67,803)
Capital and reserves
Called-up share capital	8	2,720		2,720
Capital redemption reserve		0		200
Profit and loss account		( 112,059 )		( 70,723 )
Total shareholder's deficit		( 109,339)		( 67,803)

For the financial period ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

• The member has not required the company to obtain an audit of its financial statements for the financial period in accordance with section 476;
• The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Statement of Income and Retained Earnings has not been delivered.

The financial statements of Bi-Design Europe Limited (registered number: 04224297) were approved and authorised for issue by the Director. They were signed on its behalf by:

A Bamford Director

24 September 2025

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial period and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Bi-Design Europe Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the company's registered office is 7 Unicorn Business Park, Whitby Road, Brislington, Bristol, BS4 4EX, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Foreign currency

Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the Statement of Financial Position date are reported at the rates of exchange prevailing at that date.

Exchange differences are recognised in the Statement of Income and Retained Earnings in the period in which they arise except for exchange differences arising on gains or losses on non-monetary items which are recognised in the Statement of Comprehensive Income.

Turnover

Turnover from the supply of services is stated net of VAT and trade discounts and represents the value of services provided under contracts to the extent that there is a right to consideration and is recorded at the fair value of the consideration received or receivable.

Where a contract has only been partially completed at the Statement of Financial Position date, revenue is recognised based on the stage of completion of the contract at the Statement of Financial Position date and included in debtors as accrued income. Where payments have been received in advance of the services provided, the amounts are recorded as deferred income as part of creditors due within one year.

Employee benefits

Defined contribution schemes
The company operates a defined contribution scheme. The amount charged to the Statement of Income and Retained Earnings in respect of pension costs and other post-retirement benefits is the contributions payable in the financial period. Differences between contributions payable in the financial period and contributions actually paid are included as either accruals or prepayments in the Statement of Financial Position.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Statement of Financial Position date.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Leasehold improvements	10 years straight line
Fixtures and fittings	5 years straight line
Computer equipment	4 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Financial instruments

The Company only enters into basic financial instruments and transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to and from related parties and investments in non-puttable ordinary shares.

Financial assets
Basic financial assets, including trade and other debtors, and amounts due from related companies, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Such assets are subsequently carried at amortised cost using the effective interest method.

At the end of each reporting period financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate. The impairment loss is recognised in the Statement of Income and Retained Earnings/Statement of Comprehensive Income.

Financial assets are derecognised when (a) the contractual rights to the cash flows from the asset expire or are settled, or (b) substantially all the risks and rewards of the ownership of the asset are transferred to another party or (c) control of the asset has been transferred to another party who has the practical ability to unilaterally sell the asset to an unrelated third party without imposing additional restrictions.

Financial liabilities
Basic financial liabilities, including trade and other creditors and accruals, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation is discharged, cancelled or expires.

Financial assets and liabilities are offset and the net amounts presented in the financial statements when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Other financial assets
Other financial assets, including investments in equity instruments which are not subsidiaries, associates or joint ventures, are initially measured at fair value, which is normally the transaction price. Such assets are subsequently carried at fair value and the changes in fair value are recognised in profit or loss, except that investments in equity instruments that are not publicly traded and whose fair values cannot be measured reliably are measured at cost less impairment.

Other financial liabilities
Derivatives, including interest rate swaps and forward foreign exchange contracts, are not basic financial instruments. Derivatives are initially recognised at fair value on the date a derivative contract is entered into and are subsequently re-measured at their fair value. Changes in the fair value of derivatives are recognised in profit or loss in finance costs or finance income as appropriate, unless hedge accounting is applied and the hedge is a cash flow hedge.

Debt instruments that do not meet the conditions in FRS 102 paragraph 11.9 are subsequently measured at fair value through profit or loss. Debt instruments may be designated as being measured at fair value through profit or loss to eliminate or reduce an accounting mismatch or if the instruments are measured and their performance evaluated on a fair value basis in accordance with a documented risk management or investment strategy.

Provisions

Provisions are recognised when the company has a present obligation (legal or constructive) as a result of a past event, it is probable that the company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Statement of Financial Position date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

2. Employees

	Period from 01.10.2023 to 31.12.2024		Year ended 30.09.2023
	Number		Number
Monthly average number of persons employed by the company during the period, including the director	26		22

3. Tangible assets

	Leasehold improve- ments		Fixtures and fittings		Computer equipment		Total
	£		£		£		£
Cost
At 01 October 2023	303,946		949		180,672		485,567
Additions	0		0		10,471		10,471
Disposals	( 12,509)		0		( 65,719)		( 78,228)
At 31 December 2024	291,437		949		125,424		417,810
Accumulated depreciation
At 01 October 2023	205,102		0		142,453		347,555
Charge for the financial period	31,451		482		17,961		49,894
Adjustments on revaluations	0		0		( 52,993)		( 52,993)
Disposals	( 7,767)		0		( 9,492)		( 17,259)
Transfers	0		0		0		0
At 31 December 2024	228,786		482		97,929		327,197
Net book value
At 31 December 2024	62,651		467		27,495		90,613
At 30 September 2023	98,844		949		38,219		138,012

4. Debtors

	31.12.2024		30.09.2023
	£		£
Trade debtors	142,304		288,339
Amounts owed by group undertakings	67,000		0
Prepayments and accrued income	25,272		88,689
Other debtors	31,200		41,627
	265,776		418,655

5. Creditors: amounts falling due within one year

	31.12.2024		30.09.2023
	£		£
Bank loans	76,000		26,000
Trade creditors	56,760		75,986
Taxation and social security	67,443		93,081
Other creditors	454,493		71,996
	654,696		267,063

6. Creditors: amounts falling due after more than one year

	31.12.2024		30.09.2023
	£		£
Bank loans	142,166		287,166

There are no amounts included above in respect of which any security has been given by the small entity.

7. Deferred tax

	31.12.2024		30.09.2023
	£		£
At the beginning of financial period/year	( 34,504)		( 34,504)
Credited to the Statement of Income and Retained Earnings	30,842		0
At the end of financial period/year	( 3,662)		( 34,504)

8. Called-up share capital

	31.12.2024		30.09.2023
	£		£
Allotted, called-up and fully-paid
600 Ordinary A shares of £ 1.00 each	600		600
200 Ordinary C shares of £ 1.00 each	200		200
1,920 Homeowner Shares ordinary shares of £ 1.00 each	1,920		1,920
	2,720		2,720

9. Financial commitments

Commitments

Total future minimum lease payments under non-cancellable operating leases are as follows:

	31.12.2024		30.09.2023
	£		£
within one year	67,900		100,309
between one and five years	271,925		173,502
after five years	41,080		0
	380,905		273,811

Pensions

The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. Contributions totalling £3,699 were payable to the fund at the Statement of Financial Position date and are included in other creditors due within one year.

10. Related party transactions

Transactions with the entity's director

	31.12.2024		30.09.2023
	£		£
Other debtors	0		23,102

Included within other debtors are the above balances owed from the directors. Interest has been charged on the loan at the HMRC official rate of interest. The loan has been provided with no fixed repayment terms and with no security.